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The core objective of the program was to provide SMEs and municipalities with climate and disaster risk management knowledge and tools to improve risk awareness, assessment, prevention and reduction of risks linked to extreme climate events as well as support the implementation of adaptation plans.

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The Global Index Insurance Facility (GIIF) is a dedicated World Bank Group's program that facilitates access to finance for smallholder farmers, micro-entrepreneurs, and microfinance institutions through the provisions of catastrophic risk transfer solutions and index-based insurance in developing countries. Funded by the European Union, the governments of Germany, Japan, and the Netherlands, GIIF has facilitated more than 1.8 million contracts, covering approximately 7 million people, primarily in Sub-Saharan Africa, Asia, and Latin America and the Caribbean. The facility is part of the World Bank Group’s Finance & Markets Global Practice.